Directional Bias For The Day: S&P Futures are higher; moving up since 4:30 PM on December 14 Odds are for a sideways to up day – watch for break above 2664.75 and break below 2658.25 for change of fortunes Key economic data: Empire State Manufacturing Index (18.0 vs. 18.8 est.) at 8:30 AM Capacity Utilization (est. 77.2%) at 9:15 AM Industrial Production (est. 0.3%) at 9:15 AM Markets…